Transcend Capital Advisors LLC Has $2.18 Million Holdings in Ares Capital Co. (NASDAQ:ARCC)

Transcend Capital Advisors LLC increased its position in shares of Ares Capital Co. (NASDAQ:ARCC) by 0.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 108,577 shares of the investment management company’s stock after acquiring an additional 557 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Ares Capital were worth $2,175,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in ARCC. Baron Financial Group LLC increased its stake in Ares Capital by 3.0% in the 4th quarter. Baron Financial Group LLC now owns 18,366 shares of the investment management company’s stock valued at $368,000 after buying an additional 543 shares during the period. Syntal Capital Partners LLC increased its stake in Ares Capital by 3.3% in the 3rd quarter. Syntal Capital Partners LLC now owns 17,346 shares of the investment management company’s stock valued at $338,000 after buying an additional 551 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in Ares Capital by 1.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 35,595 shares of the investment management company’s stock valued at $693,000 after buying an additional 587 shares during the period. Great Valley Advisor Group Inc. increased its stake in Ares Capital by 4.4% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 14,067 shares of the investment management company’s stock valued at $274,000 after buying an additional 597 shares during the period. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its stake in Ares Capital by 5.0% in the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 12,787 shares of the investment management company’s stock valued at $256,000 after buying an additional 605 shares during the period. Institutional investors and hedge funds own 27.38% of the company’s stock.

Ares Capital Stock Performance

Shares of NASDAQ ARCC traded up $0.15 during trading hours on Friday, hitting $20.78. 2,640,447 shares of the stock were exchanged, compared to its average volume of 2,468,332. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.24 and a quick ratio of 1.24. The company’s 50 day moving average is $20.36 and its 200 day moving average is $20.02. The firm has a market capitalization of $12.61 billion, a P/E ratio of 7.78 and a beta of 1.00. Ares Capital Co. has a one year low of $17.53 and a one year high of $20.86.

Ares Capital (NASDAQ:ARCC) last posted its quarterly earnings data on Wednesday, February 7th. The investment management company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.03. The business had revenue of $707.00 million during the quarter, compared to the consensus estimate of $669.78 million. Ares Capital had a net margin of 58.22% and a return on equity of 12.50%. Ares Capital’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.68 EPS. On average, research analysts expect that Ares Capital Co. will post 2.35 EPS for the current year.

Ares Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 9.24%. The ex-dividend date was Thursday, March 14th. Ares Capital’s dividend payout ratio is currently 71.91%.

Analyst Ratings Changes

Several brokerages have recently commented on ARCC. B. Riley lowered shares of Ares Capital from a “buy” rating to a “neutral” rating and set a $21.00 price target on the stock. in a research note on Monday, January 8th. Wells Fargo & Company increased their price target on shares of Ares Capital from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Monday, January 29th. Finally, JMP Securities restated a “market outperform” rating and set a $21.00 price target on shares of Ares Capital in a research note on Tuesday, March 26th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $20.80.

Ares Capital Company Profile

Ares Capital Corporation is a business development company specializing in acquisition, recapitalization, mezzanine debt, restructurings, rescue financing, and leveraged buyout transactions of middle market companies. It also makes growth capital and general refinancing. It prefers to make investments in companies engaged in the basic and growth manufacturing, business services, consumer products, health care products and services, and information technology service sectors.